Artificial intelligence, high-resolution cameras, cloud-based storage, and other advancements have transformed video surveillance. In this article, we’ll explore 8 surveillance tech trends our team at Aipix > Platform for VSaaS believes will significantly impact the industry in 2023.
#1 Video Analytics Powered by Artificial intelligence
The video analytics market is projected to increase by over 400 percent to exceed 21,778.0 million by 2027. Integrating artificial intelligence into video analytics is one of the most significant forces driving the industry forward.
AI-powered video surveillance solutions generate valuable insights from collected data, detect threats autonomously, and send real-time alerts to security personnel. AI’s ability to identify specific behaviors and objects enhances the system’s effectiveness allowing human operators to cover more video feeds efficiently. As a result, companies that capitalize on AI can provide customers with advanced security solutions. In addition, AI surveillance can also deliver valuable insights into customer behavior, leading to new revenue opportunities and an elevated customer experience.
#2 Creating new cybersecurity solutions for video surveillance
Effective cybersecurity requires a multifaceted approach, including device-level protection and cloud security. IoT and video surveillance analytics have created more opportunities for cyberattacks, but advanced cloud-based video surveillance solutions (VSaaS) overcome these challenges by encrypting data at all levels. Organizations must prioritize cybersecurity and implement robust security measures to protect their systems and prevent cyber threats from compromising their surveillance operations.
#3 Reduced operating costs, maintenance, and software upgrades
Moving video storage to the cloud can reduce hardware overhead, simplify installation, and lower business maintenance and software upgrade costs. With AI-powered surveillance, organizations can save 20-50 percent compared to traditional systems and reduce labor costs by automating tasks.
Cloud-based systems require fewer hardware components, have straightforward installation procedures, and offer automatic software upgrades and patch management, minimizing the need for ongoing maintenance. In addition, using a pay-per-use subscription model, organizations can optimize costs, benefit from multi-year subscription discounts, and have predictability and consistency in video surveillance costs.
#4 Unconstrained capacity in the cloud to handle AI
Cloud-based solutions are the most practical option for advanced AI processing, providing unlimited scalability and flexibility to businesses. With the cloud, companies can add AI-driven features to their video surveillance systems without investing in new hardware or software.
AI-powered video surveillance solutions require significant processing power, which can be easily handled by leveraging access to unlimited cloud computing. The cloud also offers built-in redundancy, disaster recovery, and cybersecurity measures, providing enhanced reliability and security for AI-powered video surveillance systems. In addition, VSaaS customers can quickly expand their subscriptions and integrate new features or upgrades.
#5 Improved cloud-based solutions
VMS and NVR vendors are incorporating cloud solutions to meet the demand for VSaaS features. However, compatibility differences exist among service providers regarding latency, video quality, security, and available features.
Cloud storage enables secure remote access to video feeds from any device with an internet connection, but it also presents challenges such as latency, reliability, and cybersecurity concerns. Therefore, organizations must evaluate different cloud solutions carefully. While cloud platforms offer more storage flexibility, and users can access their videos anywhere globally with high security and reliability. However, they must ensure enough computing power to run their surveillance network without connectivity and latency issues.
#6 High-resolution IP security cameras
Higher-resolution IP security cameras have become more affordable, with triple the number of high-resolution cameras purchased in the past five years. They provide more detailed footage, improving the identification of specific individuals or objects. The technology also enhances the effectiveness of video analytics solutions, such as tracking and detecting anomalies. However, high-resolution cameras require more processing power and storage capacity. VSaaS customers can utilize the flexibility of cloud-based video surveillance services to handle the increased data load, ensuring their infrastructure can handle the demand.
#7 Integrating video with 3rd party systems
Integrating video surveillance with access control and communication systems creates a comprehensive security network. The surveillance system can detect specific behaviors or events and trigger an alert that automatically locks doors or sends a signal to security or emergency personnel. Cloud video surveillance solutions simplify integration and enable central management from a single dashboard.
Cloud or web services are generally very capable of integrating with 3rd party systems, offering Open APIs and well-understood protocols for communication between different systems.
Choosing a cloud-based system also reduces on-site equipment and maintenance requirements, making managing and maintaining the system from a central location more feasible.
#8 SaaS models to improve the customer experience
Using SaaS models, cloud-based video surveillance providers can improve customer support and reduce operational overhead. Technical support can solve problems remotely, ensuring customers receive immediate assistance. SaaS models are also designed using customer feedback to create user-friendly products. Satisfied customers are incentivized to renew subscriptions and recommend the service to others, improving reputation and customer loyalty.
Capitalizing on video surveillance trends
Video surveillance is an essential tool for security and safety. The market is growing, and cloud-based solutions are becoming more popular. High-resolution cameras, integrations with other security applications, and SaaS models are just a few trends shaping the industry in the coming years. Companies that capitalize on these trends can improve customer loyalty, reputation, and market position. To stay ahead of the curve, organizations should invest in cutting-edge video surveillance technology and seek out cloud-based solutions that provide scalability, flexibility, and convenience.
By Andrew Milkoto, Senior Product Manager, Aipix Platform for VSaaS.